| Segment Reporting Information by Segment |
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Three Months Ended June 30, 2026 |
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Truck |
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Parts |
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Other |
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Truck, Parts and Other |
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Financial Services |
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Total |
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Net sales and revenues |
$ |
5,388.1 |
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|
$ |
1,765.5 |
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|
$ |
(3.0 |
) |
|
$ |
7,150.6 |
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$ |
549.7 |
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$ |
7,700.3 |
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Less intersegment |
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(135.0 |
) |
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(18.6 |
) |
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(153.6 |
) |
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(153.6 |
) |
External Customers |
$ |
5,253.1 |
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$ |
1,746.9 |
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$ |
(3.0 |
) |
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$ |
6,997.0 |
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$ |
549.7 |
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$ |
7,546.7 |
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Cost of sales and revenues |
|
4,758.8 |
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1,226.3 |
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3.9 |
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5,989.0 |
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5,989.0 |
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Research and development |
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78.9 |
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35.4 |
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114.3 |
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114.3 |
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Selling, general and administrative |
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50.0 |
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67.8 |
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20.8 |
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138.6 |
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41.1 |
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|
179.7 |
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Interest and other borrowing expenses |
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|
179.9 |
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|
179.9 |
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Depreciation and other expenses |
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|
165.2 |
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|
165.2 |
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Provision for losses on receivables |
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39.4 |
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|
39.4 |
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Other segment expenses (income), net |
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4.9 |
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|
.4 |
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(21.6 |
) |
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(16.3 |
) |
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(16.3 |
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$ |
360.5 |
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$ |
417.0 |
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$ |
(6.1 |
) |
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$ |
771.4 |
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$ |
124.1 |
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$ |
895.5 |
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Investment income |
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|
86.0 |
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Income (loss) before income taxes |
$ |
360.5 |
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$ |
417.0 |
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$ |
(6.1 |
) |
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$ |
771.4 |
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$ |
124.1 |
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$ |
981.5 |
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Depreciation and amortization |
$ |
101.7 |
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$ |
5.9 |
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$ |
6.4 |
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$ |
114.0 |
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$ |
101.0 |
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$ |
215.0 |
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Expenditures for long-lived assets |
$ |
114.6 |
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$ |
4.4 |
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$ |
23.5 |
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$ |
142.5 |
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$ |
242.6 |
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$ |
385.1 |
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Six Months Ended June 30, 2026 |
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Truck |
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Parts |
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Other |
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Truck, Parts and Other |
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Financial Services |
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Total |
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Net sales and revenues |
$ |
10,060.4 |
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$ |
3,495.6 |
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$ |
(5.3 |
) |
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$ |
13,550.7 |
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$ |
1,091.9 |
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$ |
14,642.6 |
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Less intersegment |
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(280.8 |
) |
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(38.6 |
) |
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(319.4 |
) |
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(319.4 |
) |
External Customers |
$ |
9,779.6 |
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$ |
3,457.0 |
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$ |
(5.3 |
) |
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$ |
13,231.3 |
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$ |
1,091.9 |
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$ |
14,323.2 |
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Cost of sales and revenues |
|
8,967.6 |
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|
2,430.0 |
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7.9 |
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|
11,405.5 |
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|
11,405.5 |
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Research and development |
|
152.5 |
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|
70.9 |
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|
223.4 |
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|
223.4 |
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Selling, general and administrative |
|
111.4 |
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|
135.5 |
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|
41.3 |
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|
288.2 |
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|
80.8 |
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|
369.0 |
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Interest and other borrowing expenses |
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|
362.7 |
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|
362.7 |
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Depreciation and other expenses |
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|
325.3 |
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|
325.3 |
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Provision for losses on receivables |
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|
83.5 |
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|
83.5 |
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Other segment expenses (income), net |
|
11.4 |
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|
1.3 |
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(50.3 |
) |
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(37.6 |
) |
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(37.6 |
) |
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$ |
536.7 |
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$ |
819.3 |
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$ |
(4.2 |
) |
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$ |
1,351.8 |
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$ |
239.6 |
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$ |
1,591.4 |
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Investment income |
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|
166.4 |
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Income (loss) before income taxes |
$ |
536.7 |
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$ |
819.3 |
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$ |
(4.2 |
) |
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$ |
1,351.8 |
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$ |
239.6 |
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$ |
1,757.8 |
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Depreciation and amortization |
$ |
194.1 |
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$ |
10.4 |
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$ |
12.5 |
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$ |
217.0 |
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$ |
198.1 |
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$ |
415.1 |
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Expenditures for long-lived assets |
$ |
239.8 |
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$ |
9.5 |
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$ |
35.7 |
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$ |
285.0 |
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$ |
406.3 |
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$ |
691.3 |
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Three Months Ended June 30, 2025 |
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|
Truck |
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|
Parts |
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Other |
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|
Truck, Parts and Other |
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|
Financial Services |
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Total |
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Net sales and revenues |
$ |
5,340.9 |
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|
$ |
1,739.1 |
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$ |
(1.2 |
) |
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$ |
7,078.8 |
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$ |
547.7 |
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$ |
7,626.5 |
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Less intersegment |
|
(97.8 |
) |
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(18.2 |
) |
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(116.0 |
) |
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(116.0 |
) |
External Customers |
$ |
5,243.1 |
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$ |
1,720.9 |
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$ |
(1.2 |
) |
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$ |
6,962.8 |
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$ |
547.7 |
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$ |
7,510.5 |
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Cost of sales and revenues |
|
4,787.8 |
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|
1,204.7 |
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|
2.9 |
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|
5,995.4 |
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|
5,995.4 |
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Research and development |
|
81.9 |
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|
31.0 |
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|
112.9 |
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|
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|
112.9 |
|
Selling, general and administrative |
|
54.7 |
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|
64.6 |
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|
19.9 |
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|
139.2 |
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|
40.1 |
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|
179.3 |
|
Interest and other borrowing expenses |
|
|
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|
|
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|
200.3 |
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|
200.3 |
|
Depreciation and other expenses |
|
|
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|
154.9 |
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|
154.9 |
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Provision for losses on receivables |
|
|
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|
|
|
|
|
|
|
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|
29.2 |
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|
29.2 |
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Other segment expenses (income), net |
|
9.9 |
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|
4.1 |
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(23.5 |
) |
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|
(9.5 |
) |
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(9.5 |
) |
|
$ |
308.8 |
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|
$ |
416.5 |
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$ |
(.5 |
) |
|
$ |
724.8 |
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$ |
123.2 |
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|
$ |
848.0 |
|
Investment income |
|
|
|
|
|
|
|
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|
|
|
|
|
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|
83.9 |
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Income (loss) before income taxes |
$ |
308.8 |
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|
$ |
416.5 |
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$ |
(.5 |
) |
|
$ |
724.8 |
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|
$ |
123.2 |
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|
$ |
931.9 |
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|
|
|
|
|
|
|
|
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|
|
|
|
|
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Depreciation and amortization |
$ |
93.1 |
|
|
$ |
2.9 |
|
|
$ |
6.4 |
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|
$ |
102.4 |
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|
$ |
104.9 |
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|
$ |
207.3 |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenditures for long-lived assets |
$ |
213.4 |
|
|
$ |
3.1 |
|
|
$ |
5.3 |
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|
$ |
221.8 |
|
|
$ |
166.1 |
|
|
$ |
387.9 |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Six Months Ended June 30, 2025 |
|
|
Truck |
|
|
Parts |
|
|
Other |
|
|
Truck, Parts and Other |
|
|
Financial Services |
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Total |
|
Net sales and revenues |
$ |
10,731.7 |
|
|
$ |
3,447.8 |
|
|
$ |
(3.2 |
) |
|
$ |
14,176.3 |
|
|
$ |
1,075.7 |
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$ |
15,252.0 |
|
Less intersegment |
|
(262.8 |
) |
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|
(37.0 |
) |
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|
(299.8 |
) |
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|
|
(299.8 |
) |
External Customers |
$ |
10,468.9 |
|
|
$ |
3,410.8 |
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|
$ |
(3.2 |
) |
|
$ |
13,876.5 |
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$ |
1,075.7 |
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$ |
14,952.2 |
|
Cost of sales and revenues |
|
9,504.3 |
|
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|
2,376.2 |
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|
5.9 |
|
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|
11,886.4 |
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|
|
|
|
|
11,886.4 |
|
Research and development |
|
167.3 |
|
|
|
61.0 |
|
|
|
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|
|
228.3 |
|
|
|
|
|
|
228.3 |
|
Selling, general and administrative |
|
112.0 |
|
|
|
125.5 |
|
|
|
45.0 |
|
|
|
282.5 |
|
|
|
78.4 |
|
|
|
360.9 |
|
Interest and other borrowing expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
390.9 |
|
|
|
390.9 |
|
Depreciation and other expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
314.6 |
|
|
|
314.6 |
|
Provision for losses on receivables |
|
|
|
|
|
|
|
|
|
|
|
|
|
47.5 |
|
|
|
47.5 |
|
Other segment expenses, net* |
|
11.6 |
|
|
|
5.1 |
|
|
|
299.6 |
|
|
|
316.3 |
|
|
|
|
|
|
316.3 |
|
|
$ |
673.7 |
|
|
$ |
843.0 |
|
|
$ |
(353.7 |
) |
|
$ |
1,163.0 |
|
|
$ |
244.3 |
|
|
$ |
1,407.3 |
|
Investment income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
167.7 |
|
Income (loss) before income taxes |
$ |
673.7 |
|
|
$ |
843.0 |
|
|
$ |
(353.7 |
) |
|
$ |
1,163.0 |
|
|
$ |
244.3 |
|
|
$ |
1,575.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization |
$ |
184.0 |
|
|
$ |
7.2 |
|
|
$ |
12.5 |
|
|
$ |
203.7 |
|
|
$ |
208.7 |
|
|
$ |
412.4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenditures for long-lived assets |
$ |
375.5 |
|
|
$ |
6.4 |
|
|
$ |
20.0 |
|
|
$ |
401.9 |
|
|
$ |
318.6 |
|
|
$ |
720.5 |
|
* In the first quarter of 2025, Other includes a $350.0 charge related to civil litigation in Europe (EC-related claims) which is discussed in Note M.
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|
|
June 30 |
|
|
December 31 |
|
Business Segment Data |
2026 |
|
|
2025 |
|
Segment Assets: |
|
|
|
|
|
Truck |
$ |
8,461.1 |
|
|
$ |
7,966.1 |
|
Parts |
|
2,366.0 |
|
|
|
2,278.5 |
|
Other |
|
2,220.1 |
|
|
|
2,034.5 |
|
Cash and marketable securities |
|
8,667.4 |
|
|
|
9,253.7 |
|
|
|
21,714.6 |
|
|
|
21,532.8 |
|
Financial services |
|
22,265.5 |
|
|
|
22,803.4 |
|
|
$ |
43,980.1 |
|
|
$ |
44,336.2 |
|
|